Mindoro Resources Ltd.

Posted by Salvador

Feb5

Mindoro Resources Ltd. said it is a step closer to signing a deal that would allow Gold Fields Ltd. to acquire up to 75% of its Philippine gold-copper projects. All negotiations and legal issues on the Batangas joint venture with Gold Fields have been resolved and we are awaiting a clean copy of the memorandum of agreement from Gold Fields for signing, Mindoro said in a statement. The two companies Free Nike Supra Shoes Run Australia began in September last year discussions on Gold Fields potential acquisition of mining projects currently controlled by Mindoro. The deal would cover Mindoro s El Paso, Wolf and Talahib porphyry copper-gold projects, anish La Liga all in Batangas province, south of Manila.

Pending the formal signing of an agreement, Gold Fields has been carrying out low-key mapping work, Mindoro said. It’s thought they ll have full scale exploration underway in May, the company said. The world s fourth largest producer of the metal, Gold Fields is listed in South Africa and Dubai, and on the New York Stock Exchange. Mindoro is listed in Toronto and Nike Free Run Frankfurt.